Technical Note｜$TA ｜Volume surged 4.2x in 1 hour｜Price fell 9.33%
First, the definition: unusual volume activity often appears before price movement, so many people treat a sudden surge in volume as a signal to pay attention to a coin. Which way it will go is something you have to wait for the candlestick chart to reveal.
How to read it: A surge in volume with the price remaining almost flat means buyers and sellers have exchanged positions extensively at this level. To see which way it will move next, watch for which side gives way first.
Understanding this indicator helps you avoid being spooked by a single number; it’s not for predicting tops and bottoms.
#TA
First, the definition: unusual volume activity often appears before price movement, so many people treat a sudden surge in volume as a signal to pay attention to a coin. Which way it will go is something you have to wait for the candlestick chart to reveal.
How to read it: A surge in volume with the price remaining almost flat means buyers and sellers have exchanged positions extensively at this level. To see which way it will move next, watch for which side gives way first.
Understanding this indicator helps you avoid being spooked by a single number; it’s not for predicting tops and bottoms.
#TA
